Business Scene
Oil output drops 5,000bpd in August
Nigeria’s crude oil output slumped by 5,000 barrels per day in August 2026. This is according to figures submitted directly...
Equities market rebounds with N101 billion gain
Nigeria’s equities market rose on Thursday, adding N101 billion to investors’ portfolios, ending two consecutive days of losses. Renewed interest...
Hormuz shipping traffic falls to single digits, data shows
Vessel transits at the Strait of Hormuz fell to seven on Thursday from 11 the previous day, preliminary ship-tracking data...
Obi backs Tinubu’s naira float policy
Presidential candidate of the National Democratic Congress (NDC) for the 2027 election, Peter Obi has endorsed the free-floating exchange rate...
IPMAN tasks marketers to source products from local refineries
The Independent Petroleum Marketers Association of Nigeria (IPMAN), has urged independent petroleum marketers to rely on local refineries for product...
Nigeria’s oil revenue to plunge 60% from 2030 – Report
A new report based on research by the E3G think tank and published by The Guardian UK has warned that...
NCC says all SIM-enabled devices to be registered before sale in Nigeria
The Nigerian Communications Commission (NCC) has issued a directive mandating the registration of all SIM-enabled devices in Nigeria as part...
NFIU urges banks, fintechs to support intelligence sharing initiative
The Nigerian Financial Intelligence Unit (NFIU) has called on banks, insurance companies, fintech firms, Virtual Asset Service Providers (VASPs), and...
DisCos to allocate 60% of operating funds into CapEx from 2027
The Nigerian Electricity Regulatory Commission (NERC) has directed electricity Distribution Companies (DisCos) to allocate 60 per cent of their earned...
NDIC urges banks to strengthen risk management practices
The Nigeria Deposit Insurance Corporation (NDIC) has called on banks to strengthen risk management practices, corporate governance and operational preparedness...